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Setback for Microsoft. American software company Microsoft is apparently out of the game when it bids for the American business of short video platform Tiktok. According to internal sources, a consortium of the US software group Oracle is said to have won the tender.
Bytedance sold the US short-video platform business to Tiktok to a consortium led by Oracle. The deal has not yet been approved by the governments of Washington and Beijing, a person familiar with the matter told Reuters on Sunday.
